Dear all
Yesterday Anand Srinivasan, supposed to be an economist, was blasting
on. FM never said she gave any basic exemption. She said, apto 12.75 L
people need not pay tax but may have to file returns; Basic exemption is
reduced; and what was lost from a crore people is made up by plus 60000 +
tax from one whose income exceeded 1275001. nand srinivasan said ther are
148 crore people out of which only 7 crore are taxpayers; out of which,
only 1.5 crore are earning above 1 lakh per annum. Hence helping the part
of 1.5 crore, petrol tax could have been slashed so that it would have been
widespread. He also added that he gets a relief of Rs 32000. CAN YOU FIND
THE SELF PROFESSED ECONOMIST ERRORS? 1 5.5 CRORE OUT OF 7 CRORE ARE THE
BENEFICIARIES. 2 ONLY 1.5 CRORE ARE >1 L IS INCORRECT STAT; 3 A BUDGET ON
INCOME TAX IS ONLY FOR THE (1.5-1=0.5) 50L OUT OF 148 CR? No one shall
underestimate without proper data as one likes. If one is a millionaire can
he be middle class? Today the increase of millionaires is aplenty. And in
case this year central releases the arrears, tax gained out of it , either
in the past ratio or current ratio will overflow than the loss portrayed. A
good FM right from singh, chid and so on till date, is riding the horse
showing the carrot for eating but always holding it far. In a way the
ruling party had decided to compromise for power. They did a lot of good
things but the foolish people as some fools in the groups did not uphold
the Govt. When evil is ruling the sky, how without Indra chariot Rama can
fight Ravana? It is the time of the villains and good make-up persons only
support them. Amd Anand srinivasan like are additionally brainwashing the
people. It is a progressive budget with the wide spread net. k Rajaram IRS
4225
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